Stifel Financial Corp Has $1.68 Million Stake in Kimco Realty Corp (NYSE:KIM)

Stifel Financial Corp reduced its position in shares of Kimco Realty Corp (NYSE:KIM) by 25.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 72,117 shares of the real estate investment trust’s stock after selling 24,455 shares during the period. Stifel Financial Corp’s holdings in Kimco Realty were worth $1,675,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of KIM. Captrust Financial Advisors increased its position in shares of Kimco Realty by 3.4% during the 3rd quarter. Captrust Financial Advisors now owns 14,657 shares of the real estate investment trust’s stock worth $340,000 after purchasing an additional 482 shares during the last quarter. Vanguard Personalized Indexing Management LLC lifted its stake in Kimco Realty by 1.2% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 42,782 shares of the real estate investment trust’s stock valued at $816,000 after acquiring an additional 522 shares during the last quarter. CWM LLC lifted its stake in Kimco Realty by 4.7% in the third quarter. CWM LLC now owns 13,323 shares of the real estate investment trust’s stock valued at $309,000 after acquiring an additional 595 shares during the last quarter. Checchi Capital Advisers LLC grew its position in shares of Kimco Realty by 5.0% in the 2nd quarter. Checchi Capital Advisers LLC now owns 14,026 shares of the real estate investment trust’s stock valued at $273,000 after acquiring an additional 663 shares during the period. Finally, Truist Financial Corp increased its stake in shares of Kimco Realty by 2.0% during the 2nd quarter. Truist Financial Corp now owns 37,223 shares of the real estate investment trust’s stock worth $724,000 after purchasing an additional 746 shares during the last quarter. 89.25% of the stock is currently owned by institutional investors.

Kimco Realty Stock Up 1.8 %

Shares of NYSE KIM opened at $23.42 on Friday. The firm has a market cap of $15.79 billion, a PE ratio of 42.58, a price-to-earnings-growth ratio of 3.20 and a beta of 1.50. The company has a 50 day simple moving average of $24.57 and a 200 day simple moving average of $22.56. The company has a debt-to-equity ratio of 0.78, a current ratio of 3.59 and a quick ratio of 3.59. Kimco Realty Corp has a 1 year low of $17.57 and a 1 year high of $25.83.

Kimco Realty (NYSE:KIM) last posted its quarterly earnings data on Thursday, October 31st. The real estate investment trust reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.22). Kimco Realty had a return on equity of 3.68% and a net margin of 19.58%. The company had revenue of $507.63 million during the quarter, compared to analyst estimates of $502.78 million. During the same period in the prior year, the firm earned $0.40 earnings per share. Kimco Realty’s revenue was up 13.8% compared to the same quarter last year. On average, research analysts forecast that Kimco Realty Corp will post 1.64 EPS for the current year.

Kimco Realty Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Thursday, December 5th were paid a $0.25 dividend. The ex-dividend date was Thursday, December 5th. This is a positive change from Kimco Realty’s previous quarterly dividend of $0.24. This represents a $1.00 annualized dividend and a yield of 4.27%. Kimco Realty’s payout ratio is 181.82%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on KIM shares. Mizuho boosted their price target on Kimco Realty from $24.00 to $26.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 10th. UBS Group raised their price target on Kimco Realty from $25.00 to $30.00 and gave the company a “buy” rating in a report on Friday, November 8th. Truist Financial upped their price objective on shares of Kimco Realty from $22.00 to $24.00 and gave the company a “hold” rating in a report on Wednesday, August 28th. Scotiabank raised their target price on shares of Kimco Realty from $23.00 to $26.00 and gave the stock a “sector perform” rating in a research note on Monday, November 25th. Finally, Evercore ISI upped their price target on shares of Kimco Realty from $22.00 to $23.00 and gave the company an “in-line” rating in a research note on Monday, September 16th. Ten investment analysts have rated the stock with a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, Kimco Realty has an average rating of “Moderate Buy” and an average price target of $24.83.

About Kimco Realty

Kimco Realty Corp. is a real estate investment trust (REIT) headquartered in New Hyde Park, N.Y., that is one of North America’s largest publicly traded owners and operators of open-air shopping centers. As of December 31, 2018, the company owned interests in 437 U.S. shopping centers comprising 76 million square feet of leasable space primarily concentrated in the top major metropolitan markets.